Trading Idea for 10 Nov 20 (Tuesday): Important data to know before market opening

The nifty Support level is placed at 12400 followed by 12325. If Nifty starts going up, then the Technical Resistance level will be 12700 and 12775. While the Bank Nifty support level is placed at 27200 and 26950. If Bank Nifty starts going up, then the resistance level will be 27990 and 28475.

FII and DII data

Foreign Institutional Investors bought shares of Rs. 4548.39 crore while Domestic Institutional Investors sold shares of Rs. 3036.31 crore in Indian equity market on November  09, as per data NSE data.

F&O Ban on NSE

Jindal Steel & SAIL securities are under the F&O ban for tomorrow (Nov 10).

Latest Corporate Action

• Nocil Limited –  Q2 Profit at Rs. 1664 lakhs versus Rs. 5523 lakhs Profit, Revenue at Rs. 22159 lakhs versus Rs. 20973 lakhs, Other Income at Rs. 91 lakhs Profit versus Rs. 248 lakhs YoY (Mix Result).

• MSTC Limited –  Q2 Profit at Rs. 339.91 millions versus Rs. 243.82 millions, Revenue at Rs. 1313.41 millions versus Rs. 1751.85 millions, Other Income at Rs. 114.73 millions versus Rs. 102.58 millions YoY (Good Result).

• Madras Fertilizers Limited –  Q2 Profit at Rs. 443 lakhs versus Rs. 4667 lakhs Loss, Revenue at Rs. 41690 lakhs versus Rs. 31269 lakhs, Other Income at Rs. 122 lakhs Profit versus Rs. 96 lakhs YoY (Mix Result).

• Dredging Corporation of India Limited –  Q2 Loss at Rs. 4745.12 lakhs versus Rs. 2228.47 lakhs Loss, Revenue at Rs.12538.82 lakhs versus Rs. 12301.20 lakhs, Other Income at Rs. 83.87 lakhs Profit versus Rs. 81.89 lakhs YoY (Poor Result).

• Indo-Swift Laboratories Limited –  Q2 Profit at Rs. 922.38 lakhs versus Rs. 1088.83 lakhs Loss, Revenue at Rs. 22119.91 lakhs versus Rs. 18960.87 lakhs, Other Income at Rs. 579.40 lakhs Profit versus Rs. 1080.81 lakhs YoY (Good Result).

• Tips Industries Limited –  Q2 Profit at Rs. 672.97 lakhs versus Rs. 260.67 lakhs Profit, Revenue at Rs. 1646.72 lakhs versus Rs. 1174.56 lakhs, Other Income at Rs. 41.10 lakhs Profit versus Rs. 1574.82 lakhs YoY (Good Result).

• South West Pinnacle Exploration Limited –  Q2 Profit at Rs. 362.12 lakhs versus Rs. 240.71 lakhs Profit, Revenue at Rs. 2452.56 lakhs versus Rs. 1953.09 lakhs, Other Income at Rs. 42.90 lakhs Profit versus Rs. 35.26 lakhs YoY (Good Result).

• Star Paper Limited –  Q2 Profit at Rs. 159.35 lakhs versus Rs. 674.20 lakhs Profit, Revenue at Rs. 5451.88 lakhs versus Rs. 7408.01 lakhs, Other Income at Rs. 144.74 lakhs Profit versus Rs. 209.23 lakhs YoY (Good Result).

• PTC India Limited –  Q2 Profit at Rs. 16619 lakhs versus Rs. 13490 lakhs Profit, Revenue at Rs. 553781 lakhs versus Rs. 467300 lakhs, Other Income at Rs. 8669 lakhs Profit versus Rs. 7687 lakhs YoY (Good Result).

• DP Wires Limited –  Q2 Profit at Rs. 541.71 lakhs versus Rs. 264.30 lakhs Profit, Revenue at Rs. 8638.82 lakhs versus Rs. 6171.22 lakhs, Other Income at Rs. 87.56 lakhs Profit versus Rs. 8.83 lakhs YoY (Good Result).

• ADF Foods Limited –  Q2 Profit at Rs. 871.17 lakhs versus Rs. 783.39 lakhs Profit, Revenue at Rs. 6066.14 lakhs versus Rs. 4637.07 lakhs, Other Income at Rs. 133.47 lakhs Profit versus Rs. 352.78 lakhs YoY (Good Result).

Results on 10 Nov 20

PNB Gilts, Kavery Seeds, Avadh Sugar, Lumax Auto, Mirza International, Tata Power, TD Power System, M&M, Ruchi Soya, Symphony, Bodal Chemical , Century Plywood, Pilani Investment & Varroc Enginerring will decalred Q2FY21 results on November 10.